Marcos signs EO on 2023-2028 development plan

Metro Manila (CNN Philippines, January 30) – President Ferdinand Marcos Jr. has signed an executive order directing all government agencies and offices to adopt a six-year plan seeking to accelerate economic recovery.

In a statement released on Monday, Malacañang said Marcos signed EO 14 on Jan. 27, approving and adopting the Philippine Development Plan (PDP) for 2023-2028. The medium-term plan targets to "bring back the country to a high-growth trajectory and more importantly, enable economic and social transformation for a prosperous, inclusive, and resilient society."

The EO came more than a month after Marcos approved the plan crafted by the National Economic and Development Authority.

The administration's eight-point socioeconomic agenda, which aims to create more jobs and reduce poverty, has been considered in crafting the PDP.

"We approved the Philippine Development Plan for 2023 to 2028 and this sets out the framework of the development plan for the Philippines and we have included all of the priority areas," Marcos said.

"This will facilitate the coordination and the alignment of all departments and all agencies in government to a single plan so that we are all working in the same direction," he added.

Under the order, all government offices, including state universities and colleges, are directed to align their budgetary and department/corporate programs with the PDP strategies and activities.

The government eyes completing the formulation of the PDP 2023-2028 in the first quarter.

During the NEDA's From Plan to Action: Philippine Development Plan 2023-2028 Forum in Pasay City, Marco expressed optimism that the PDP could boost the country's target of becoming an upper middle-income country by 2025.

"But beyond economic development, the plan also focuses on social development and protection, disaster resilience, digital transformation, and many other things," he said in his speech.

Marcos said the PDP would beef up partnerships between the government and the private sector.

"We regard with high importance the involvement of the private sector in all our plans for the future. It is a very simple axiomatic principle that we follow and that is very simply that we the government cannot do this alone, and we must strengthen our partnerships with our private sector partners both here and abroad," he said.